Section 211 of the Companies Act, 1956 requires that the balance sheet and profit and loss account of a company shall be in the form set out in Part I of Schedule VI or in such other form as may be approved by the Central Government either generally
communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Reports to SEBI.
General Circular No: 2 /2011, dated 08.02.2011 Large number of Companies are approaching the Ministry for exemption under Section 212(8) of the Companies Act, 1956. In context of Globalizing Indian Economy, increased number of Subsidiaries and introduction of Accounting Standards on consolidated Financial Statements, Ministry decided to grant a general exemption provided certain conditions are fulfilled.
NOTIFICATION NO. S.O. 198(E), DATED 31-1-2011 The Central Government makes the following amendment in the English version notification of Ministry of Commerce bearing number S.O. 11(E), dated 4th January, 2011 constituting approval committee for the sector specific Special Economic Zone for information technology and information technology enabled services at Village Koorgally, District Mysore in the […]
In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry had decided to introduce a Scheme namely, “Easy Exit Scheme, 2011” under Section 560 of the Companies Act, 1956
Net direct tax collections during the period April 2010 to January 2011 stood at Rs.3,17,501 crore, up from Rs.2,63,765 crore in the same period last fiscal, registering a growth of 20.37 percent. Growth in Corporate Income Tax was 24.78 percent (R
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts
The Ministry of Corporate Affairs issued today a notification on General Exemption under Section 211 of the Companies Act 1956. The notification reads as under: General Exemption under Section 211 Section 211 of the Companies Act, 1956 requires
Consequent upon the introduction of International Financial Reporting Standards (IFRS) from April 1, 2013 for the banking industry as scheduled, the opening balance of reserves of banks will be reduced to the extent of the unamortised carry forward expenditure.
annual report of the holding company. The holding company shall furnish a hard copy of details of accounts of subsidiaries to any shareholder on demand
